The European Parliament today voted to adopt the TAX3 Committee’s February report calling for a “phasing out” of RCBI in Europe. The IMC has reacted with disappointment, calling instead on MEPs to support its work in raising industry standards.

Residence and citizenship by investment programs have come under criticism in the European Parliament in recent months with several MEPs calling for their closure. That – according to Chair in EU Constitutional Law at the University of Groningen, Professor Dimitry Kochenov – would be impossible, unless the European Union first became a superstate. More on